Entertainment

BRIEFCASE

July 17, 1993

BLOCKBUSTER ENTERTAINMENT Corp. announced Friday that it has reached an agreement in principle to merge with WJB Video Limited Partnership and certain of its affiliates in a transaction to be accounted for as a ''pooling of interests.'' The agreement provides that Blockbuster will exchange 7 million shares of its common stock for the equity interest of WJB. As a result of the transaction, Blockbuster, based in Fort Lauderdale, would add 209 Blockbuster Video stores owned and operated under franchise agreements by WJB. WJB is Blockbuster's largest franchise owner.